It’s essential to separate fact from fiction when it comes to selling real estate in Memphis. While popular beliefs may be intriguing, they are often not the truth. False narratives can significantly influence our decisions, and when it comes to selling your home, it’s best to have your eyes wide open to all of your options.
By taking the time to learn more about the myths surrounding selling real estate in Memphis, you may be able to save thousands of dollars by making a well-informed decision and keeping more of the equity you’ve built for yourself. Don’t allow the misguided advice of others to lead you down the wrong path with what may be one of the most significant financial transactions of your lifetime.
In the following paragraphs, we will explore three common myths that people believe about selling real estate in Memphis. By debunking these myths, we hope to provide you with a clearer picture of the home selling process and help you make informed decisions about selling your home.
Sell It Yourself and Save Money
Many people believe that they can save money by selling their homes in Memphis as a For Sale By Owner (FSBO). The idea is to save on real estate commissions and other fees and earn a higher profit on the sale. However, statistics show that this sales method may not be as profitable as it seems. In 2020, only eight percent of home sellers tried this method, and homes that did sell often sold for lower prices than those sold through a real estate agent. In most cases, the seller ended up paying more than the real estate agent commissions would have been on the current market value.
However, there is an alternative to working with a real estate agent or selling your home as an FSBO. You can work with a professional buyer like Memphis Home Buyers to buy your home without having to pay the expense of commissions. With a professional buyer, you can avoid the hassle of showings, inspections, and appraisals and sell your house quickly and easily. You can also sell your house as-is, which means you won’t have to make any costly repairs or upgrades to the property. This can save you time, money, and stress and provide you with a hassle-free way to sell your house in Memphis.
Overall, selling your home as an FSBO may not be the most profitable option for sellers in Memphis. You can work with a professional buyer like Memphis Home Buyers to buy your home without paying the expense of commissions and enjoy a hassle-free home selling experience.
Open Houses Sell Homes
Selling real estate in Memphis doesn’t necessarily require preparing your home, holding open houses, and vacating the property for showings. While open houses can be useful for agents to find new clients, the truth is that most homebuyers find their new homes online. If a buyer is genuinely interested in your property, they can simply call the agent and set up a showing. Additionally, holding open houses can attract potential thieves who may be interested in scoping out the property.
If you want to avoid the hassle of showings and open houses altogether, you can sell your house directly to a professional buyer like Memphis Home Buyers. With a professional buyer, you won’t have to worry about preparing your home for showings, passing inspections, or making repairs. At Memphis Home Buyers, we buy houses as-is, which means you can sell your house in its current condition without having to worry about any additional costs or repairs. This can save you time, money, and stress, and provide you with a hassle-free way to sell your house in Memphis.
Overall, selling real estate in Memphis doesn’t have to involve open houses, showings, or repairs. You can sell your house directly to a professional buyer like Memphis Home Buyers and avoid the hassle of traditional home sales altogether.
You Can Guesstimate Your Sales Price
Another one of the myths people believe about selling real estate in Memphis is that by viewing a few listings online, you can determine what your house can sell for with a close guesstimate. But unfortunately, the incorrect sales price on a listing, whether set too high or too low, can cost sellers time and profits. In addition, an error in either direction adds time to your listing because buyers will likely continue to scroll through the thousands of listings available at their fingertips. Did you know a professional buyer like those at Memphis Home Buyers will detail your profits on listing with an agent vs. a direct sale so that you can make an educated decision?
Working with the professional investors at Memphis Home Buyers chases away the myths about selling real estate in Memphis, saving you valuable time and money. Let the pros at Memphis Home Buyers help you solve your problems. Call Memphis Home Buyers at (901) 828-8419.